China’s Geely is officially bringing its luxury EV startup Zeekr private

China’s Geely Auto is officially taking its luxury electric vehicle (EV) subsidiary Zeekr private, just over a year after the company’s public debut. The privatization follows Geely’s offer made two months prior, with Zeekr shareholders given the option to receive either $2.69 in cash per share or 1.23 newly issued Geely shares for each Zeekr share they own. Certain Hong Kong retail investors will receive cash by default. Zeekr’s board has approved the merger, which is expected to close in the fourth quarter of 2025. The implications of Zeekr’s privatization on its existing partnership with Waymo remain unclear. Zeekr and Waymo have been collaborating to build vehicles for large-scale deployment in the U.S., with Waymo’s Zeekr vehicles already operating in the San Francisco Bay Area. TechCrunch has reached out to Waymo for further details on how the privatization might affect this deal. The article also notes